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20130124
20130124
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Search Results 0 to 22 of about 23 (some duplicates have been removed)
the payroll tax cut will cut into consumer discretionary spending down the line. apples ipads and iphones sold a lot but the profit margin was slim. is this a company story where the company is in trouble after the great steve jobs has passed snarp. >> it feels that way, larry. we've got this darling-to-dog story we've seen so often notice tech space. we have a gadget company in the tech space that's struggling with margins on its gadgets and a lot of the worst fears that they would face other gadgets from other kinds of companies seem to be coming to pass, but the service tech companies like google and netflix, they're all of a sudden out there increasing share. >> knock the cover off the ball. >> knock the cover on. and as long as you have a razor blade story and not a razor story, i think that's the difference peer. >> dave goldman, am i wrong? sometimes ji am very wrong. does this forecast a stronger american economy, even a moderately stronger economy? >> absolutely not. i was a raging bull in 2012. i'm neutral on it. the s&p is trading tick for tick with liquidity measures, such as infla
majority leader eric cantor is there and says the to leaders tax eswill not sigo up. you're watching cnbc, first in business worldwide. >>> we have had a busy, a barrage of earnings. we've had microsoft and at&t and starbucks, all posting their latest quarterly results minutes ago right here on the show. let's get a roundup now that we've had time to digest and read through all the earnings action. rights, bertha? give it to us. >> reporter: not full digestion but a tummy still full looking at the numbers. fiscal second quarter for microsoft beats by a penny. street looking for 75 cents. refnous more or less in line. actually had missed on both the top and bottom line last quarter. take a look at the reaction of the stock. we've got microsoft here. there we go. it's still down, however. sold 60 million windows 8 loy senses. no details on the surface sales. that's something else people may ask on the license call. at&t, strong on the bottom line, and actually missed on both the earnings for the same quarter last year. they said they saw smartphone fans, activated 18.6 iphones and 26% were
, requiring congress to not spend more than it makes, than it takes in in taxes. if you call taxation making money, but it can't spend more than it takes in. any traction on that? >> yeah. this is an idea, an old idea, whose time has timely come, and, you know, as polls show about 75% of all americans support this idea, most of the state legislatures operate the same way, and we need to do this because we need permanent structural spending reform so that we don't find ourselves back in the same position every six to 18 months in raising the debt limit. >> limit spending to 18% of the gross national product, 18%. right now, it's a rate of 23%. we're looking at some of the other things that you would do. you want a historical average of total federal receipts so congress is only run a deficit, increase taxes, or increase debt if agreed upon by a two-thirds vote. i like how it sounds, but it doesn't sound like you can get other politicians to agree to it? >> rome was not build in a day. it's in the a sell yet, but we have support in the senate for the idea of a balanced budget amendment. the la
the exporters going down and then the wild card here is what is the government going to do with taxes, how does that affect business and consumer spending. so we're on that road, but the road is-- it needs a lot of pavement, stuart. hopefully our government will do the right thing by us. >> hopefully. >> stay there for a second, carol, i want your opinion on another news item. and we broke the story yesterday, union membership, it's way down. i've got some numbers for you, in all, 400,000 workers, less left the labor movement, gone, 400,000, the state of wisconsin lost 46,000, 13%. indiana, where a law passed last year that doesn't require workers to pay a union fee, still allows them to benefit from collective bargaining, that lost more than 56,000 union members in that state. down 18%. most of the municipal workers, by the way. and these are the lowest union levels since 1916, i believe. carol, it occurs to me that unions have a lot of political power at the moment, but they're sharply declining membership. >> they do. and you know, it's funny, i am he' the daughter of a union electrician so
. now stores will be allowed to pass the extra cost on the you, like a tax. up to 4 percent of the total cost of whenever you're buying. with us now, consumer education president, smart credit dot com. the president of optimum capital management. great to have you both year. al start with you. what do you make of this? >> this is really bad news for consumers. we are already getting nickel-and-dimed to death, and we are about to get even worse. essentially, the fee that the market had -- merchant has to pay to exit the credit card, cone -- commonly called a slight fee, in the past they have not been able to charge a line-item extra cost to the consumer to cover that. starting this sunday will be allowed to. that is the bad news. they have already baked in that she in the price of the merchandise the you're buying. so now not only unable to charge a fee on top of what you're already purchasing, but essentially paying the fee to times over, and those of us to pay cash are really getting screwed because we're still paying the fee for people using credit cards. gerri: i want to show people s
. did raising taxes work for california? we know it didn't work for phil mickelson. >> we hope he doesn't move away because we need him in his state of the state speech, governor quotes genesis seven years of fat followed by seven years of lean. he says the fat is back. and up next, what he plans to do about it. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. tdd# 1-800-345-2550 when the spx crossed
beverages. liz: boy, we have a president who was reelected, we've got all kinds of tax changes, the payroll tax cut has been eliminated. we got through one part of the fiscal cliff, now we're looking at the debt ceiling. which one of those, to you as a business leader, matters the most, affects business the most? >> i think, um, what matters the most is providing clarity. clarity to business, clarity to the country at large. and that's what people want. every time there's a survey, you see that they want clarity. and that's why i think it is so important to have a solution. liz: well, now you know you have clarity on the fact that people have the payroll tax back into their paychecks. >> sure. liz: are you seeing any effect on that where people have less money in their pockets, and maybe they're not buying coca-cola as much? >> well, i think generally speaking we still see great opportunities in the united states for our business in the coming decade and continuing on from there. we haven't seen an impact yet. it's too early to tell. liz: okay. >> but i would say this, um, i would say if we
of costa rica tells liz the key to business is favorable taxes. go figure. plus the governor the of the bank of israel on keeping his economy strong and safe in a very volatile region. david: microsoft is out. the numbers are out. adam shapiro, how do they look? >> well it's a beat on earnings, david, but a miss on revenue. earnings, 81 cents per share. the street was expecting 75 cents. revenue 21.46 billion. the street was expecting 21.53 billion. jumping in real quick on the press release they're talking about it, in the last quarter, in the server and tools business, saw increase 8.5 billion. the previouser, server and tools business reported 9.1 billion of revenue. 9% increase from the prior period year-over-year. we'll jump in to see how windows 8 is performing but they're missing on revenue. sandra: we'll keep watching the stock here in after-hours trading. looks like it is getting a little bit of a boost in after-hours trading so we'll keep looking at those numbers. keep in mind the revenues numbers fell short but the earnings per share did beat. it is a decent beat.
, saving money on your taxes and boosting your retirement security. here's finra's gerri walsh. >> with washington roiling from one crisis to another, many americans feel uncertain about the impact of changing tax rates and how to achieve retirement security in a fragile economy. but, especially at times like this, workers should focus on what they can control. no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're not sure you're doing all you can to lower your taxable wages and secure your retirement, finras new 401(k) save the max calculator can help you do the math to find out. i'm gerri walsh. >> tom: join us tomorrow on twitter for a tw
gun owners a $1,000 a year tax credit for each of two years for turning in assault rifles to state police, none of these are expected to pass of republican controlled house. president obama's address triggered a scathing response from the national rifle association, the leader, rain lapierre, said that president made a mockery of our constitutional rights. >> they are god-given freedoms they belong to us, in the united states of america as our birth right, no government gave them to us, no government can ever take them away. lou: lapierre argued only reason that federal government would want to create a list of gun owners is to quote, tax them or takes them. our next guest is a texas gun shol owneshopowner who is now ca boycott of groupon, after the site canceled his dial for a concealed handgun training course, he said that groupon seems to e8 to to e88ing anyoneo believes in the second amendment with as monster. saying this statement -- including shooting ranges, conceal and carry, and clay shooting, have been placed on ed on hiatus while we review internal stanstandards. the cat
mickleson says he should have kept his opinion on taxes to imself. he set off a firestorm recently when he said he may have to move out of california because his recent hike in federal and state taxes on the wealthy. mickleson said at the time his tax rate was well over 60%. but according to the tax federation and california's tax experts, it's closer to a 1%. still really, really high. california recently became the state with the highest top marginal tax rate. >> that 51% hurts. >> that's exactly why so many professional golfers from all over the word live in florida. that's exactly why. >> or they're going some place else. >>> you're not going anywhere. you're coming back in 30 minutes. what do you have for us? >> i'm watching your money at the grocery store to make sure you are getting what you think you're paying for. >> sound goods to me. thanks, jess. >>> it was nearly a decade from the time chandra levy disappeared till prosecutors got a conviction in the case. >> this morning there are serious new questions about the trial. we have that story coming up. >> and are you tired of hea
of potentially getting out of the eurozone. today, he took a different tactic. we talked about not raising tax rates, but as corporations around the world both affecting issues in the uk and elsewhere are becoming a real issue. i want you to take a look at this piece. >> individuals and bess must pay their fair var. and businesses who think they can carry on, they can keep selling to the uk, and selling uk tax arrangements are for you to wake up and sell the company. >> that comment, by the way, about coffee is actually about starbucks which has created some problems because they've been avoiding taxes in the uk. but take a look at this quote right here. david cameron not making friends. labor mp dennis skinner says it was gruesome for the prime minister to be heading out of austerity-riddled britain to wine and dine at davos with 50 top bankser who helped create the economic crash several hundred tax avoiding milliona e millionaires. >> a lot of people talk today about a report. there was a report earlier this morning that mr. oh lund discovered averting. in total, the report was said to be
you have to say? stuart: we also agree on taxes. >> we should have a free enterprise, free market system. stuart: why are you such a supporter of the most leftist president in american history? >> it is not just a chief financial officer, it is a leader of our nation. he has no peers when it comes to any other candidate on the republican side or any other republican sitting in the senate. we are out of time. connell: good morning, everyone. i am connell mcshane. dagen: i am dagen mcdowell. things are looking up on the jobs front. connell: monica crowley. dagen: dreamliner, the troubles have not gone away for boeing. michael dell has ordered one of them. connell: then there is jamie dimon and john chambers. you will be hearing from both of them in this hour. liz claman at the world economic forum. cheryl: stocks now and every 15 minutes. apple. nicole: i will show you apple in a moment. the dow, the s&p are doing quite well. five-year highs. highs that we have not seen since 2007. the tech heavy nasdaq, apple weighing on the nasdaq. are we almost at 14,000? we cannot believe it. wh
and wondered whether there was selling for tax reasons and things of that nature and the people i have spoken to this morning, who do manage money, say the same. all right. let's watch it today. let it weed out and then perhaps revisit it in a few days. >> a couple of dividend. you talked about how that could help, maybe they actually go in and do a buy back of monstrous proportions. >> that could be around the corner. their next meeting, board meeting, is february, when they initiated the dividend f that's catalyst that's a catalyst. isn't it sad to think this was once the go go growth company and now looking the a possible dividend or buy back as the next catalyst for the shares? my how things have changed. >> that requires a management that thinks there's something wrong with the stock. requires a management to hit the stock, maybe they are, maybe they are not. >> buy back or a dividend, acknowledgments? >> so clear the stock was blowing up during the conference call. very clear, but the company was talking about good product, good product. >> companies don't want to acknowledge they are n
year to try to convince voters to approve a tax hike to deal with california's bumming. well, he successfully succeeded in doing that. so now his clout couldn't be lier and today we expect him to outline his vision on other issues beyond what last year was which was all about taxes and that's going to include as you said education, a big one. he is going to reveal a plan we expect that will offer more money and resources to poorer schools or those student who are more in need than others and also to address public universities to try to compel them to cut costs to students as well as making courses more prevalent online. infrastructure is another big one as he is expected to push for high speed rail and to talk act water issues and trying to build two massive tunnels to move water from northern california to southern california. part of today's state of the state address will be very positive in tone. the governor expected to point out that california is leading the nation in job growth and that the state's credit rating has improved dramaticly over the past several years. last b
with lawmakers about the handling the benghazi tax. >> a little bit later, dave ross joins me. we are talking manti te'o and another catfishing scam involving the redskins.  we're sitting on a bunch of shale gas. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >> i stood next to president obama as the marines carried those flag-draped caskets off of the plane at andrews. i put my arms around the mothers and fathers, the sisters and brothers and sons and daughters. >> political dram on acapitol hill as secretary of state hillary clinton defended her role in the aftermath of the attacks of the u.s. consulate in libya. she also heard from angry republicans who say they have even more questions about the tax. >> reporter: commit's likely re
nonsense because it involves raising taxes. i think you have to do bovment i think you have to have more revenue and you have to cut back spending. >> susie: let's say congress doesn't do that. what happens next? explain to people what happens next. >> i think the real risk is that we come to a showdown in march when the current stopgap budget ends and we face the government shutdown. people will lose services. people will lose jobs. and there will be a fiscal contraction, on top of the ones that we've already put in place. and that's not great for the economy, for sure. >> you know, and this whole conversation about a budget and the deficit and all of that. it's all about raising taxes and cutting spending. and there's no discuss about growth. and that is what americans really want. growth and jobs. what do we have to do to get growth? >> well, the badh6+suz there, susie s that while higher growth is by far the best remedy, it's very hard to put if into effect. in a sizable way. you need more investment in human beings, that's education and so on. you need more investment in physical pl
of the certainty that comes from putting a presidential election and a tax fight behind us. plus, the warring political parties seem to have -- it does seem like a truce at hand deferring a ridiculous and harmful government shutdown. throwing a huge turn in china that converts believers every day along with stabilization of europe and multinational companies have at last powered higher. all that good news in the jobs it creates are causing a radical revision in what we're willing to pay for future earnings. that's right, the price to earnings multiple, the ratio of how much we'll pay for the profits companies are going to have down the road is headed north and therefore so are the stock prices. we're willing to pay up because of the prospect that things are, indeed better. let me show you what i mean. let's take the transports. they've been scorching, scorching despite the index being home, beating down trucking companies, worldwide freight plays, and the railroads -- which were just annihilated by an historic decline in the most important cargo, coal. what's happening now if the economy's ge
of opportunities. but both of those are outside the u.s. so we're assuming that the tax laws are not going to change. we're basically going to put our money to work in places like canada, the uk, israel, russia and asia where they're going to get a return and where we want it. >> that is a change and that starts spreading out, does that mean the rate of pick up in dividend payments and shares -- >> no, we committed to our shareholders 50% of our cash flow we will pay back on them, either in the form of dividends or share buybacks. but i think the key things to take away from davos is we're becoming the innovative leader and many of the concepts appear to be paying out very well for us. >> so what makes more sense for you right now, dividends, increase or a buyback? >> we're going to poll our shareholders. we've committed to giving you 50% back. >> thank you for join onning the program. >> we so appreciate it. >> thank you. now, look, we were going to talk about this but while we've got maria here, derek jeter, right? >> yes. he came to see me at dinner last night. i was talking about when
, you know, from a corporate perspective, we'd love to see something done on the corporate tax rate here in the u.s. love to keep more jobs here. just got to find a way to solve that problem. >> how does obama care and the health reform affect you as a company? >> well, certainly it provides re people will be covered by prescriptions. that's great news for the entire pharmaceutical space. for our particular company, we don't focus so much on continuous care medicines. we generally focus on women's health, those kind of issues so for us not as great but for other pharmaceutical companies great opportunity. >> we'll let you go. they will be anxious to get you up to the balcony so you can ring the closing bell. your logo is green. why didn't you wear green? >> i wore green for him. >> you're australian? >> yeah, i'm starting to forget it. >> no idea. >> we're about to enjoy the close with 20 minute to go here, and the market is continuing to levitate a bit. >> absolutely. still marching closer and closer to a all-time high. really driving this rally? is it fundamentals or just the fed's eas
Search Results 0 to 22 of about 23 (some duplicates have been removed)